Press release
Digital Oilfield Market Size, Global Demand Analysis & Opportunity Outlook 2022 to 2027 | IZEA Worldwide, ABB Ltd., Aker Solutions, Archer,
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The global digital oilfield market is estimated to reach US$ 32 Billion by the end of 2027. Increasing investments for adopting digital technologies in upstream oil & gas is estimated to have a positive impact on the market. Additionally, implementation of advanced technologies such as artificial intelligence, machine learning, internet of things (IoT).
It analyses the market's regional trends, size, expansion prospects, and important factors in each region. Additionally, it acknowledges the impact of COVID-19, including updates on the Omicron mutation study, on the market. Both the direct and indirect effects of the pandemic on related industries are taken into account and discussed in the report.
The report gives a thorough analysis of the global Digital Oilfield Market, covering regional trends, market size, prospects for expansion, and important market factors in each region. In 2021, the United States Gross Domestic Product (GDP) value was US$ 23,315.08 billion, according to verified data from the World Bank. In terms of GDP, the United States accounts for 10.41% of the global economy. The mixed economy of the United States is very advanced. By nominal GDP, it has the largest economy in the world, and by purchasing power parity (PPP), it is second only to China in size.
The leading companies mentioned are.
IZEA Worldwide,
ABB Ltd.,
Aker Solutions,
Archer,
The report also acknowledges the impact of COVID-19, including updates on the Omicron mutation study, on the market. It considers both the direct impact of the pandemic and the indirect influence on related industries. The observations on the pandemic's impact are included in the report.
A Request of this Fuller Report Here@ - https://www.astuteanalytica.com/industry-report/digital-oilfield-market
Furthermore, the report divides geographical regions into several major categories for production, consumption, revenue (in US dollars), and market share analysis. It discusses the predicted growth of the market in these regions between 2021 and 2031.
The segmentation overview of the global Digital Oilfield Market includes.
By Component:
Hardware
Distributed control systems (DCS)
Supervisory control and data acquisition (SCADA)
Smart wells
Safety systems
Wireless sensors
Programmable logic controller (PLC)
Computer equipment & application hardware
Process automation manager
Human-machine interaction instrument
Solution/Platform
IT Services & Commissioning
Collaborative product management (CPM)
Data Storage Solutions
Cloud Hosted
On-premises
By Process:
Production optimization
Drilling optimization
Reservoir optimization
Safety management
Others
By Location:
On-shore
Off-shore
By End-users:
Oil
Gas
Pharmaceutical
Others
Region:
North America
The U.S.
Canada
Mexico
Europe
Western Europe
The U.K.
Germany
France
Netherlands
Italy
Spain
Rest of Western Europe
Eastern Europe
Russia
Ukraine
Poland
Rest of Eastern Europe
Asia Pacific
China
India
Japan
South Korea
Australia & NZ
Rest of Asia Pacific
South America
Brazil
Argentina
Rest of South America
Middle East
UAE
Saudi Arabia
Qatar
Egypt
Rest of the Middle East
Africa
South Africa
Nigeria
Rest of Africa
Overall, Astute Analytica's report on the global Digital Oilfield Market appears to be a comprehensive resource for businesses seeking to understand the current state of the market and its future growth prospects.
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About Astute Analytica:
Astute Analytica is a global analytics and advisory company that has built a solid reputation in a short period, thanks to the tangible outcomes we have delivered to our clients. We pride ourselves in generating unparalleled, in-depth, and uncannily accurate estimates and projections for our very demanding clients spread across different verticals. We have a long list of satisfied and repeat clients from a wide spectrum including technology, healthcare, chemicals, semiconductors, FMCG, and many more. These happy customers come to us from all across the globe.
They are able to make well-calibrated decisions and leverage highly lucrative opportunities while surmounting the fierce challenges all because we analyse for them the complex business environment, segment-wise existing and emerging possibilities, technology formations, growth estimates, and even the strategic choices available. In short, a complete package. All this is possible because we have a highly qualified, competent, and experienced team of professionals comprising business analysts, economists, consultants, and technology experts. In our list of priorities, you-our patron-come at the top. You can be sure of the best cost-effective, value-added package from us, should you decide to engage with us.
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